Reliance Retail’s Quarterly Revenue at Rs97,605 crore, up 8.1% Y-o-Y
FinTech BizNews Service
Mumbai, 16 January 2026: Reliance Industries, today announced its Financial and Operational Performance of Reliance Industries Limited (RIL) for the Quarter and Nine Months ended 31st December 2025.
RELIANCE RETAIL VENTURES LIMITED (“RRVL”) revenue increased by 8.1% Y-o-Y, with growth across all consumption baskets driven by festive buying and wedding season. Distribution of festive buying between 2Q and 3Q, impact of consumer products division demerger and GST rationalization constrained top-line growth.
CONSOLIDATED RELIANCE RETAIL VENTURES LIMITED (“RRVL”)
Quarterly Revenue at Rs97,605 crore, up 8.1% Y-o-Y
Quarterly EBITDA at Rs 6,915 crore, up 1.3% Y-o-Y
No. of transactions during the quarter crossed milestone of 500 million
431 new stores opened
Quarterly Performance (3Q FY26 vs 3Q FY25)
Business delivered steady performance during the quarter with revenue of Rs97,605 crore, up 8.1%
Y-o-Y.
Reported EBITDA at Rs 6,915 crore and EBITDA margin of 8.0%.
EBITDA before Investment Income was at Rs6,770 crore.
The demerger of consumer products division was completed during the quarter.
The business expanded its store network with 431 new store openings, taking the total store count to 19,979 with area under operation at 78.1 million sq. ft.
The registered customer base grew to 378 million, making Reliance Retail one of the most preferred retailers in the country.
Quarterly Performance (3Q FY26 vs 3Q FY25)
Grocery
The business delivered consistent performance underpinned by uptick in festive demand.
Key categories maintained the growth on a Y-o-Y basis: Dairy, Frozen & Bakery grew by 23%, Staples
grew by 19%, and Packaged Foods grew by 15%.
Festive momentum was sustained by focusing on the gifting in Food categories. High-traction
categories included Namkeen (+40%), Chocolates (+32%), Sweets (+10%), and Dry Fruits (+13%).
Metro continued its steady performance, driven by increase in customer footfalls and an expansion of wallet share.
The Metro Wholesale Utsav marketing campaign was successfully executed.
JioMart
JioMart maintained its operational footprint across 5,000+ pin codes and 1,000+ cities, serviced by a network of over 3,000 stores.
The platform crossed exit daily orders of 1.6 million and recorded 53% Q-o-Q and 360%+ Y-o-Y
growth in average daily orders, establishing itself as the fastest-growing player in hyper-local
commerce.
Customer acquisition accelerated during the quarter with addition of 5.9 million new customers and total customer base expanded by 43% Y-o-Y.
Continued addition of dark stores reduced the average delivery distance per order.
Customer loyalty continued to be an industry differentiator, with transaction frequency reaching nearly 2X of competition.
JioMart strengthened its marketplace by growing its merchant network 22% Y-o-Y, along with an
expanded catalogue offering increased choice for customers.
Fashion and Lifestyle
The Fashion & Lifestyle business operates the industry's largest omni-channel network, spanning
across more than 1,300 cities.
The business maintained steady performance, supported by festive demand and seasonal
assortment execution, partially impacted by festive demand being spread across Q2 and Q3.
Within Lingerie business, brands extended into new categories, including the launch of premium
thermal wear and specialized winter outerwear.
The product portfolio was further diversified through the expansion of the Ethnic Coord collection,
alongside the introduction of Denim’s Greatest Fits and Party Wear range.
Customer engagement was driven through a combination of festive events and various celebrity-led
western wear marketing campaigns.
Ajio delivered consistent growth throughout the period, driven by promotions and festive buying which resulted in an average basket value increase of 21% Y-o-Y.
The platform’s product catalogue reached over 2.8 million options, marking a 27% Y-o-Y increase
driven by the addition of more than half a million new items in the last twelve months.
Ajio Rush expanded its reach to 420 pin codes across 10 cities, while the next-day delivery service
was scaled to cover the top 26 cities.
Shein booking revenue continued to scale, driven by strong user traction with app installs exceeding
6.5 million and a twofold expansion of the product portfolio to over 50,000 options.
The Premium Brands delivered a steady performance, which was underpinned by festive demand
and the launch of new seasonal collections.
The business entered into an exclusive partnership with Fabletics, an American women's athleisure
brand.
The business launched its first store of Hugo Blue, a Gen Z-focused denim line and the first Steve
Madden Accessories store located in Delhi.
Ajio Luxe continued to expand its catalogue; its brand portfolio grew by 41% Y-o-Y, with the option
count growing by 21% Y-o-Y.
The Jewels business recorded strong performance driven by festive and wedding-related demand,
resulting in a 73% Y-o-Y increase in average bill value.
Achieved best-ever Dhanteras sales, marking a 21% LFL growth compared to the previous year.
The contribution of old gold exchange rose to 29% of total business, up from 21% during the same
period last year.
Consumer Electronics
The Digital stores delivered strong performance during the festive quarter, driven by year-end
campaigns and GST-led price resets for air conditioners and televisions.
Performance across key categories saw double digit Y-o-Y growth, with Laptops increasing by 46%,
Mobiles by 38%, TVs by 25%, and Appliances by 19%.
The Festival of Electronics, the flagship festive campaign, delivered a 32% Y-o-Y growth and
registered the highest ever single-day sales on Dhanteras.
The resQ service arm continued to scale its operations, expanding its service network to 1,611
locations, representing a 9.4% Y-o-Y increase.
The JioMart Digital business expanded its merchant partner base and recorded its highest ever
quarterly sales figures within the mobile phone and television categories.
LEADERSHIP QUOTE
Isha M. Ambani, Executive Director, Reliance Retail Ventures Limited, said “Reliance Retail delivered a steady quarterly performance, serving millions of customers across their shopping needs. By prioritizing trend-focused assortments and seamless omni-channel experiences, we continue to foster strong customer engagement and loyalty. As we navigate a shifting consumer landscape, we remain steadfast in our vision to redefine Indian retail through innovation and excellence."
